Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 5,459 Shares of Procter & Gamble Company (The) (NYSE:PG)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its stake in Procter & Gamble Company (The) (NYSE:PG - Free Report) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407,079 shares of the company's stock after selling 5,459 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Procter & Gamble were worth $67,465,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new position in shares of Procter & Gamble in the 4th quarter valued at $5,244,463,000. GAMMA Investing LLC boosted its stake in Procter & Gamble by 20,758.5% in the first quarter. GAMMA Investing LLC now owns 7,951,456 shares of the company's stock valued at $1,355,087,000 after buying an additional 7,913,335 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Procter & Gamble during the fourth quarter worth about $1,010,685,000. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Procter & Gamble by 1,195.1% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,222,585 shares of the company's stock worth $580,596,000 after acquiring an additional 2,973,757 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of Procter & Gamble by 62.5% during the 4th quarter. Capital Research Global Investors now owns 7,398,120 shares of the company's stock valued at $1,240,294,000 after purchasing an additional 2,846,560 shares during the last quarter. 65.77% of the stock is currently owned by institutional investors.

Procter & Gamble Stock Down 0.2%

Shares of NYSE:PG opened at $158.73 on Friday. The business's 50 day moving average is $162.65 and its 200 day moving average is $165.74. Procter & Gamble Company has a 12-month low of $156.58 and a 12-month high of $180.43. The stock has a market cap of $372.14 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 4.69 and a beta of 0.43. The company has a quick ratio of 0.50, a current ratio of 0.71 and a debt-to-equity ratio of 0.47.

Procter & Gamble (NYSE:PG - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.53 by $0.01. The firm had revenue of $19.78 billion for the quarter, compared to analysts' expectations of $20.42 billion. Procter & Gamble had a net margin of 18.46% and a return on equity of 32.67%. The company's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 EPS. On average, sell-side analysts forecast that Procter & Gamble Company will post 6.91 earnings per share for the current fiscal year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, April 21st were given a $1.0568 dividend. The ex-dividend date of this dividend was Monday, April 21st. This represents a $4.23 annualized dividend and a yield of 2.66%. This is a boost from Procter & Gamble's previous quarterly dividend of $1.01. Procter & Gamble's payout ratio is currently 67.14%.

Insider Activity

In other Procter & Gamble news, CEO Jennifer L. Davis sold 1,000 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $161.38, for a total value of $161,380.00. Following the completion of the sale, the chief executive officer now directly owns 51,965 shares of the company's stock, valued at $8,386,111.70. This trade represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Moses Victor Javier Aguilar sold 10,520 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $158.67, for a total value of $1,669,208.40. Following the transaction, the insider now directly owns 25,182 shares in the company, valued at $3,995,627.94. This represents a 29.47% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on PG. Raymond James Financial cut their target price on shares of Procter & Gamble from $190.00 to $185.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a research note on Thursday, May 1st. Truist Financial cut their target price on shares of Procter & Gamble from $185.00 to $180.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Barclays restated an "equal weight" rating on shares of Procter & Gamble in a research report on Thursday, March 27th. Finally, Erste Group Bank cut shares of Procter & Gamble from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Procter & Gamble currently has a consensus rating of "Moderate Buy" and an average price target of $178.45.

Procter & Gamble Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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